AV Forms New Media Platform

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Austin Ventures, ("AV"), today announced that it has entered into apartnership with Sherman Atkinson to form ATCOR Holdings, Inc. The new company will focus on acquiring and operating businessesin high-growth sectors of online advertising, marketing and digitalmedia. AV has committed $50 Million of equity capital to supportmanagement's strategy to build a leading new media franchisethrough both organic growth and acquisition. Mr. Atkinson willserve as Chief Executive Officer of ATCOR.

" Sherman has played a leading role in two of the most exciting consumerinternet success stories. He has a keen understanding of how to build valuable, brandedconsumer franchises that appeal to their users and onlineadvertisers alike," said David Lack, AV Partner. "We are excited to be working with Sherman to identify the companies that will play a role in his nextdigital media enterprise."

Prior to forming ATCOR, Mr. Atkinson served as the COO of IntermixMedia, Inc. (AMEX: MIX), a publicly traded, new media company thatowned MySpace.com. During his tenure as COO, its public market capitalization grewfrom $126 million to over $650 million, when it was acquired byNews Corporation (NYSE: NWS) in October 2005. Before joining Intermix Media, Mr. Atkinson served as COO ofBuy.com, The Internet Superstore", and President of its technologyspinout, BuyServices, Inc., a wholly owned subsidiary of Buy.com. Previously, Mr. Atkinson spent five years with Booz Allen &Hamilton. Mr. Atkinson has served as an Officer in the United States MarineCorps with tours at 1st Marine Regiment, 1st Marine Division andMarine Aircraft Group 39. Mr. Atkinson is a graduate of Purdue University and the United States Navy's Nuclear Power Program.


"Austin Ventures has committed significant capital and teamresources to this venture, and we're confident that our combinedexperience and market knowledge provide the right ingredients tobuild a successful new media franchise," said Mr. Atkinson. "We areinterested in working with enduring businesses in the New Mediasector with high growth potential. When the opportunity presents itself, I want to concentrateATCOR's investments in great companies run by strong, trustworthymanagement. We are already reviewing interesting acquisition opportunities aswell as developing an organic growth plan that exploits thedeportalization of the web and encompasses content aggregation,analytics and distribution. I look forward to meeting themanagement teams and entrepreneurs who share our vision."

Mr. Atkinson will be based in Orange County , California and will evaluate opportunities throughout the United States and Europe . AV's relationship with Mr. Atkinson is part of our stated strategyto partner with talented executives with proven track records tobuild growth companies in attractive markets. AV has a dedicatedin-house talent function that identifies executives that want ahands-on partner in building their next business.

About Austin Ventures
Austin Ventures has been working with talented entrepreneurs tobuild valuable companies since 1979. With $3 billion undermanagement, AV is the most active venture and growth equity firm in Texas , and one of the most established in the nation. With a focus onbusiness services, information services, integrated media, computerand communications hardware, and enterprise software, AustinVentures invests at all stages of company development, from$100,000 "planned experiments" to $50+ million investments inmanagement buyouts.